2024 401k Maximum Amount . As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. That's an increase from the 2023 limit of $330,000.
For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000. The irs revisits these numbers annually and, if necessary,.
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